Period Actual Demand Forecast1 172 183 334 ___ → Compute the weighted average forecast for Period 4 using three (3) periods with a weighting – 35% for first period, 25% for 2nd period and 40% for last period Numerical response should be accurate to 2 decimal levels (Example: 99.75) for your reply response into entry box
Read DetailsKelly runs a men’s clothing line. Kelly needs to buy 3,000 shirts per year to fulfill demand (R). She incurs a setup cost of $101 (S) and a holding fee of 9%. Her shirts cost are $33 per each shirt. Inventory turnover is 12. What is her EOQ? (enter the number) EOQ = √(2RS/kC)
Read DetailsWhich one of the following is TRUE regarding transportation: a) An Ocean Glider serves as a type of intermediary or middleman between ocean carriers and customers for ocean cargo shipping b) Truckload rates in USA are usually based upon the rate determined by the US Government c} If a LTL carrier charges $6.95 per CWT, then the cost for a 700 pound shipment would be $48.65 d) Air and Pipeline are the most common transport modes on a global basis
Read DetailsWaste and Quality What are the seven wastes as noted in our text (two are: over production and over processing)? Next, discuss these in terms and relationship to the business as noted below. How can these waste categories be used to identity and/or improve operations at Tom’s Auto Repair from the data noted below? Tom’s Auto Repair is a auto repair service that services all makes and models of cars with a focus on engine and other mechanical aspects. Tom’s does just about everything for cars except body work and painting services.. The store employs about 5 people and operates Tuesday through Friday. They open at 9 am and closes at 6 pm. They have been in business for 10 years now and they rent the facility that they occupy. Tom’s can service four vehicles at a time in their garage and they deal with about six local vendors for car parts. About half of their business is walk-ins and the other half is by appointment. On average, Tom’s Auto Repair services about 35 cars a day for various issues. Tom’s provides excellent customer service and has a reputation for high-quality work.
Read DetailsFirm Alpha has an inventory turnover number of 8 while firm Beta has an inventory turnover of 16. Which of the following is true: a Firm Alpha uses less expensive parts b. Firm Beta makes superior products with their inventory c. Firm Beta has bigger warehouses and bigger trucks d. Inventory for Alpha moves through their supply chain to customers faster than Beta e. Inventory for Beta moves through their supply chain to customers faster than Alpha
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